Bio-Polylactic Acid (PLA) Market | Growth, Trends, and Forecast (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

20 %

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Market Overview

The market for bio-polylactic acid is expected to register a CAGR of around 20% during the forecast period. Major factors driving the market studied are favorable government policies promoting bio-plastics and the growing demand for cellulose-derived fibers in the textile industry. Price competitiveness and availability of cheaper alternatives are expected to hinder the growth of the market studied.

The packaging industry dominated the global market share, owing to its usage in fruit and vegetable packaging in the supermarkets, for bread bags and bakery boxes, bottles, envelopes and display carton windows, and shopping or carrier bags, among others.
The growing production of genetically modified corn and the growing usage of bio-PLA in 3D printing are likely to act as opportunities in the future.
Asia-Pacific dominated the market across the globe with the largest consumption from countries, such as China and Japan.

Scope of the Report

The bio-polylactic acid market includes:

Raw Material
		Corn
		Cassava
		Sugarcane and Sugar Beet
		Other Raw Materials

Form
		Fiber
		Films and Sheets
		Coatings
		Other Forms

End-user Industry
		Packaging
		Automotive
		Medical
		Electronics
		Agriculture
		Textile
		Other End-user Industries

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Germany
	United Kingdom
	Italy
	France
	Spain
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East & Africa
	Saudi Arabia
	South Africa
	Rest of Middle East & Africa

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Key Market Trends

Packaging Segmented Expected to Dominate the Market

The packaging industry is one of the largest consumers of bio-PLA. Packaging accounts for the major share of the global bio-PLA market.
The restaurant chains and food processing industries are increasingly adopting biodegradable materials for food packaging.
Consumer awareness is also rising and rapidly evolving, in terms of food safety, as some plastics are proven carcinogens.
The demand for bio-PLA in the packaging industry is increasing at a rapid pace in the European and North American regions.
The increasing intervention of the Food and Drug Administration (FDA) and related organizations, in terms of food safety, is promoting the usage of bio-degradable and food-grade plastics for beverage and snack consumption.
The growth in the packaging industry in the developing regions, such as Asia-Pacific, South America, and the Middle East, is expected to increase over the forecast period, due to the improving food packaging standards of various food and safety organizations in these regions.

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China to Dominate the Market in Asia-Pacific

The rapid growth of the consumption of bio-polylactic acid in China has been majorly driven by ample developments in the packaging and medical sectors, which are being supported by the growing economy.
The packaging industry in the country has shown a continuous rise, despite a decline in the pace of growth. The continuous rise in this industry is due to the demand for FMCG goods. Additionally, an increase in demand for eco-friendly packaging has benefitted the packaging sector in China.
Additionally, China has a large potential to grow at a faster rate in the e-commerce packaging market, as internet use in the country continues to expand at a rapid rate.
Moreover, the demand for ready-to-cook products from the food and beverage industry is supporting the growth of high-quality packaging in the country.
The demand for bio-polylactic acid is expected to increase in the country, during the forecast period.
Furthermore, countries such as India and Japan have also been contributing to the growth of the market studied. This is expected to further drive the demand for the Bio-PLA market over the forecast period.

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Competitive Landscape

The bio-PLA market is consolidated. The major players of the market studied include, NatureWorks LLC, Zhejiang Hisun Biomaterials Co. Ltd, Synbra Technology BV, Futerro, and Sulzer Ltd, among others.

Major Players

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1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Favorable Government Policies Promoting Bio-plastics
  2. 4.1.2 Demand for Bio-plastic Packaging
  3. 4.1.3 Growing Demand for Cellulose Derived Fibers in Textile Industry
2. 4.2 Restraints
  1. 4.2.1 Price Competitiveness and Availability of Cheaper Alternatives
  2. 4.2.2 Difficulty in Disposal of Bio-PLA
3. 4.3 Industry Value-Chain Analysis
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. 4.5 Technological Snapshot
  1. 4.5.1 PLA Production Process
5. MARKET SEGMENTATION
1. 5.1 Raw Material
  1. 5.1.1 Corn
  2. 5.1.2 Cassava
  3. 5.1.3 Sugarcane and Sugar Beet
  4. 5.1.4 Other Raw Materials
2. 5.2 Form
  1. 5.2.1 Fiber
  2. 5.2.2 Films and Sheets
  3. 5.2.3 Coatings
  4. 5.2.4 Other Forms
3. 5.3 End-user Industry
  1. 5.3.1 Packaging
  2. 5.3.2 Automotive
  3. 5.3.3 Medical
  4. 5.3.4 Electronics
  5. 5.3.5 Agriculture
  6. 5.3.6 Textile
  7. 5.3.7 Other End-user Industries
4. 5.4 Geography
  1. 5.4.1 Asia-Pacific
    1. 5.4.1.1 China
    2. 5.4.1.2 India
    3. 5.4.1.3 Japan
    4. 5.4.1.4 South Korea
    5. 5.4.1.5 Rest of Asia-Pacific
  2. 5.4.2 North America
    1. 5.4.2.1 United States
    2. 5.4.2.2 Canada
    3. 5.4.2.3 Mexico
    4. 5.4.2.4 Rest of North America
  3. 5.4.3 Europe
    1. 5.4.3.1 Germany
    2. 5.4.3.2 United Kingdom
    3. 5.4.3.3 Italy
    4. 5.4.3.4 France
    5. 5.4.3.5 Spain
    6. 5.4.3.6 Rest of Europe
  4. 5.4.4 South America
    1. 5.4.4.1 Brazil
    2. 5.4.4.2 Argentina
    3. 5.4.4.3 Rest of South America
  5. 5.4.5 Middle East & Africa
    1. 5.4.5.1 Saudi Arabia
    2. 5.4.5.2 South Africa
    3. 5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 BASF SE
  2. 6.4.2 Total Corbion PLA
  3. 6.4.3 Danimer Scientific
  4. 6.4.4 DuPont
  5. 6.4.5 Futerro
  6. 6.4.6 Mitsubishi Chemical Holdings Corporation
  7. 6.4.7 Natureworks
  8. 6.4.8 Sulzer Ltd
  9. 6.4.9 Synbra Technology BV
  10. 6.4.10 Teijin Ltd
  11. 6.4.11 Zhejiang Hisun Biomaterials Co. Ltd

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Growing Production of Genetically Modified Corn
2. 7.2 Growing Usage of Bio-PLA In 3D Printing

** Subject to Availability